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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 11
Which, if any, of the following statements concerning the shareholders of a Subchapter S corporation is correct? a. Shareholders are taxed on their proportionate share of earnings that are distributed.
B) Shareholders are taxed on the distributions from the corporation.
C) Shareholders are taxed on their proportionate share of earnings whether or not distributed.
D) None of these statements are correct.
B) Shareholders are taxed on the distributions from the corporation.
C) Shareholders are taxed on their proportionate share of earnings whether or not distributed.
D) None of these statements are correct.
Explanation
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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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